Published: 2025-07-10T00:45:05.000Z
Chart USD/JPY Update: Under pressure from 147.18 high
Technical Analyst
1
No follow-through on break of the 146.55 resistance and rejection from the 147.18 high see prices retracing gains from 142.68 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | May high | S1 | 145.20/00 | * | 3 Jul high, congestion | |
| R3 | 148.00 | ** | Jun high | S2 | 144.00 | * | congestion | |
| R2 | 147.18 | ** | 9 Jul high | S3 | 142.68 | ** | 1 Jul low | |
| R1 | 146.55 | * | Mar low | S4 | 142.10/00 | ** | May low, congestion |
Asterisk denotes strength of level
00:40 GMT - No follow-through on break of the 146.55 resistance and rejection from the 147.18 high see prices retracing gains from the 142.68 low. Intraday studies are unwinding overbought readings with daily studies stretched as well and suggest room for lower to support at the 145.20/00 area. Break here will return focus to the downside for retest of the 144.00 congestion then the 142.80/142.68 lows. Meanwhile, resistance at 146.55 now expected to cap and sustain rejection from the 147.18 high.